vanathi

vanathi Mod

Price action took support at 0.382 fib level today and gave good movement . I expect resistance around the level 183 - 185 which is 0.618 fib level. Buy above 185 when the price action breaks the reistance,with the stoploss of 183. Targets are 188, 190 and 192.

vanathi Mod Updated 

Price is facing resistance at 1555 - 1560 level. When it breaks the resistance we can go long above 1560 with the stoploss of 1545. Targets are 1580, 1592 ,1600 and 1610. RSI is forming hidden bullish divergence. Hidden bullish divergence occurs when price is making a higher low (HL), but the oscillator is making a lower low (LL).

vanathi Mod Updated 

Price action of one hour chart shows price is consolidating inside the triangle. RSI is taking support at 40 for the previous few sessions. Buy above 190 with the stoploss of 188. Targets are 193, 195 and 197. Sell below 185 with the stoploss of 187. Targets are 182, 180 and 178. Triangle gives false break out some times. Analyse and follow your trading plan always.

vanathi Mod Updated 

Price action is moving sideways at the resistance zone 810 - 815. I expect the price to retrace to 790 - 795 level which will form a cup and handle pattern. The breakout from the resistance will make the price to move towards 850. Will update the entries later.

vanathi Mod Updated 

SRF has broken the resistance around the level 1770 - 1780. We can go long above 1780 with the stoploss of 1750. Targets are 1860 and 1900. It is a long trade and we can take it for investment. Consult your financial manager before investing.

vanathi Mod Updated 

Price is consolidating for two days forming a boomerang pattern(New pattern found by me). Buy above 396.5 with the stoploss of 394. Targets are 401, 403 and 406. Sell below 390 with the stoploss of 393. Targets are 387, 383 and 380. Intraday calls depend on the market opening. Analyse and follow your trading plan always. This trade is valid for May 16th 2017 only.

vanathi Mod Updated 

Price action has broken the downward channel and took support at 123 - 125 level. We can buy above 123 with the stoploss of 120. Targets are 140 ,145 and 150. RSI has formed hidden bullish divergence. Hidden bullish divergence occurs when price is making a higher low (HL), but the oscillator is making a lower low (LL). Consult your financial manager before investing.

vanathi Mod Updated 

Query : I have short position in Century Textiles. Can you give the view. Those who have shorted can keep 1165 as trail stop. 1165 will act as resistance. I expect the price will move sideways in the zone 1145 - 1132. 1095 will act as support. In daily chart price is moving inside the channel and I have drawn it as a red line. Price may bounce taking support at...

vanathi Mod Updated 

Canarabank has formed double bottom and the price is consolidating inside the triangle. Buy above 369 with the stoploss of 366. Targets are 372, 376 and 380. Sell below 364 with the stoploss of 367. Targets are 360 and 357. Intraday calls depend on the market opening. Analyse and follow your trading plan always. This trade is valid for May 15th 2017 only....

vanathi Mod Updated 

Axisbank has taken support at 500 - 502 level. Buy above 506 with the stoploss of 503. Targets are 510, 514 and 518. Sell below 501 with the stoploss of 504. Targets are 497 and 494. Intraday calls depend on the market opening. Analyse and follow your trading plan always. This trade is valid for May 15th 2017 only. Analysis is based on support/resistance level.

vanathi Mod Updated 

Whatever trading teaches it improves our life too. When a person is a good trader he becomes a better and good person too in his personal life. Always share market gives lesson for trading as well as for life. Today we are going to read about my favourite role model/hero, "Shivaji The Great". And how is he related to trading? Keep on reading and you will know....

vanathi Mod

This is the query I received from a fellow trader today. Hi, I am new to trading, started just a month ago. But being a beginner I made a mistake of playing intraday that too with 1000 stocks today. I lost 1900 in Allahabad bank and 3750 in Bank of Baroda. Both were in uptrend in morning, when I bought BOB was 189 and ALBK was 192. I was expecting just 0.5 points...

vanathi Mod Updated 

Nifty is consolidating inside the triangle. When it breaks the support line I have drawn, it will reach 9360, 9340.

vanathi Mod Updated 

Buy above 443 with the stoploss of 440. Targets are 447 and 450. Sell below 439 with the stoploss of 442. Targets are 435 and 433. Intraday calls depend on the market opening. Analyse and follow your trading plan always. This trade is valid for May 12th 2017 only. Analysis is based on double bottom and triangle formation.

vanathi Mod Updated 

Buy above 374 with the stoploss of 371. Targets are 378 and 381. Sell below 371 with the stoploss of 374. Targets are 368 and 366. Intraday calls depend on the market opening. Analyse and follow your trading plan always. This trade is valid for May 12th 2017 only. Analysis is based on triangle formation.

vanathi Mod

Price action is consolidating inside an ascending triangle. When it breaks the triangle we can go long with the stoploss of 442. Targets are 446, 450 and 454. This idea is for swing trade. Analyse and follow your trading plan always.

vanathi Mod

Price action of one hour chart banknifty shows price is consolidating inside an ascending triangle. When it breaks it price will move towards 23200.

vanathi Mod Updated 

Sell nifty below 9380 with the stoploss of 9400. Targets are 9360 and 9340. Analysis is based on trendline. support/resistance and RSI.